Saudi Arabia

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U.S. to become world's top oil producer

Nov 12, 2012
The International Energy Agency is forecasting that the U.S. will become the biggest oil producer in the world within the next decade.
Posted In: Oil, Saudi Arabia, alternative energy
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Is the U.S. at risk of another OPEC oil embargo?

Oct 2, 2012
The OPEC oil embargo nearly 40 years was a shock to the U.S. and its economy. But the long-term effects proved a shock to Saudi Arabia and other OPEC members, who learned that oil and politics don't mix.
Posted In: Saudi Arabia, OPEC, Oil, energy
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In Dave Eggers' 'Hologram,' the fall of U.S. manufacturing

Jul 18, 2012
In his new novel, "A Hologram for the King," Dave Eggers muses on manufacturing and the global economy though the eyes of a struggling American businessman in Saudi Arabia.
Posted In: Saudi Arabia, King Abdullah Economic City, Economy, Dave Eggers
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Saudi Arabia goes solar

May 11, 2012
The world's largest oil exporter isn't necessarily concerned about saving the planet. It's about being able to export even more crude.
Posted In: Saudi Arabia, renewable energy, solar
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Price of oil rises slightly above $100 a barrel

Jan 18, 2012
Saudi Arabia is using a steady hand to ensure stable prices of oil, even if that means increasing supply. It's in their best economic interest.
Posted In: Oil, Saudi Arabia
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Other nations promise help if Iran cuts off oil supply

Dec 28, 2011
Oil prices are down a bit this morning after a Saudi oil official said his country would pump more crude. That follows Iran's threat to block the Strait of Hormuz, where about one fifth of the world's oil passes through.
Posted In: Oil, Saudi Arabia, Iran
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Iran oil blockade unlikely to go through

Dec 28, 2011
Halting, or even dislocating, the flow of one-fifth of the world's oil supply could send the price of crude into the stratosphere. But the oil market doesn't appear to take the threat seriously.
Posted In: Oil, Saudi Arabia, oil prices
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MID-DAY UPDATE: Gary Locke expected to be new U.S. Ambassador to China, Oil prices fall on OPEC discussions

Mar 8, 2011
Today President Obama is expected to nominate Commerce Secretary Gary Locke to be the new U.S. Ambassador to China. He'd be the first Chinese-Ame...
Posted In: Ambassador, Biden, China, Gary Locke, Libya, mid-day update, Oil, oil price, OPEC, President Obama, Russia, Saudi Arabia, tobacco
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MID-DAY UPDATE: Unrest in Libya causes oil prices to spike; home prices fell in December

Feb 22, 2011
Oil giant Shell has moved all of its foreign workers out of Libya, following a similar move by BP late last week. With protests in Libya escalating...
Posted In: BP, case shiller, home prices, housing market, Libya, mid-day update, Oil, oil industry, oil price, Pittsburgh, protests, Saudi Arabia, Shell, Standard & Poor's, turmoil, unrest

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